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During the current year, Rock Company's cash balance increased from $60,000 to $97,900. Rock's net cash flow from operating activities was $28,700 and its net
During the current year, Rock Company's cash balance increased from $60,000 to $97,900. Rock's net cash flow from operating activities was $28,700 and its net cash flow from financing activities was $14,900.
Required: Calculate Rock's net cash flow from investing activities.
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
